Alan Wong

1 month ago | news.bloomberglaw.com | Alan Wong |Katia Dmitrieva |Kiuyan Wong |Shirley Zhao

Hong Kong Financial Secretary Paul Chan said the economy will grow modestly this year, as he looks to shrink the city’s deficit while countering headwinds from a slowing Chinese economy and rising trade tensions with the US. The government forecasts gross domestic product to expand 2% to 3% in 2025, compared with a 2.5% pace last year, Chan said in his annual budget speech Wednesday.

Jan 13, 2025 | news.bloomberglaw.com | Alan Wong |Minmin Low

China will use a broad range of stimulus measures to offset the effects of expected US tariffs and a persisting housing downturn, according to Goldman Sachs Group Inc. The investment bank expects the Chinese government to deploy extra monetary and fiscal easing and support for the home market, chief economist Jan Hatzius told Bloomberg Television on Tuesday.

Feb 5, 2024 | bnnbloomberg.ca | Alan Wong

(Bloomberg) -- Hong Kong’s leader sought to blame the organizer of Inter Miami’s visit to the city for controversy over Lionel Messi’s failure to play during a much-hyped exhibition game. “The government will continue to urge the organizer to give a detailed account of the event and actively respond to the requests of ticket holders,” Chief Executive John Lee said at his weekly press briefing. Inter Miami was second on his agenda after national security legislation.

Jan 29, 2024 | bnnbloomberg.ca | Alan Wong

(Bloomberg) -- Hong Kong’s leader will unveil details of the city’s plans for a new security law on Tuesday, starting a process that’s expected to be completed this year. Chief Executive John Lee will hold a press conference on the public consulation process for Article 23 at 10 a.m., the government said. The meeting will be attended by the city’s justice and security chiefs.

Jan 17, 2024 | news.bloomberglaw.com | Alan Wong |Haslinda Amin

Hong Kong Financial Secretary Paul Chan said he has no plans to impose a departure tax on residents, rejecting a <-bsp-bb-link state="{"bbDocId":"S6Y0E3MB2SJM","_id":"0000018d-1715-de1f-adbf-17ff97bf0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">proposal-bsp-bb-link> aimed at easing the government’s widening deficit. “I don’t think it’s something good for Hong Kong,” said in an interview with Bloomberg TV at the World Economic Forum in Davos on Wednesday.